I think Stan has nailed the likely scenario. The jurisdiction I live in has had one of the most draconian sets of rules for Covid in NA. Most small businesses have been closed to foot traffic traffic. And yes, some have closed for good. But the majority have cut expenses to the bone and found a way to keep a little cash flow happening.

The government mandated closures have been brutal on small and medium businesses and manna sent from heaven for large multinationals. Something isn’t right.